AMC Networks on Friday reported third-quarter 2025 earnings, revealing the television media company’s U.S. ad sales fell 17%.
During the same period, from July to September, paid streaming subscribers increased by 200,000 to 10.4 million across AMC Networks’ portfolio of brands, including AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE.
Overall, domestic streaming revenue increased 14% to $174 million due to price increases across the platform.
AMC’s linear networks include AMC, BBC AMERICA (including the U.S. distribution and sales of BBC News), IFC, SundanceTV, and We TV. The company also owns film distribution labels Independent Film Company and RLJE Films, and in-house studio AMC Studios.
Wall Street expects AMC Networks to report earnings per share (EPS) of 34 cents on revenue of $549.3 million, according to analyst consensus data provided by LSEG. AMC Networks reported adjusted EPS of 18 cents on revenue of $562 million.
“Our results in the third quarter mark an important milestone in our transition from a cable network business to a global streaming and technology-focused content company,” AMC Networks CEO Christine Dolan ruefully wrote in a letter to shareholders. “Streaming revenue growth is accelerating and will be our largest single source of domestic revenue this year. We once again achieved healthy free cash flow and are on track to meet our full-year forecast of $250 million in free cash growth. We have built the components of a modern media business that is agile, independent and well suited for today’s environment and what comes next.”
